ICH Corporation

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International Guild of Hospitality & Restaurant Managers

CH Corporation owns and operates quick-service restaurants under the Arby's name through wholly owned subsidiaries. During 2000, the Company also owned and operated full-service family dining restaurants operating under the Lyon's name through a wholly owned subsidiary. This subsidiary was sold January 13, 2001. The Company operates its Arby's restaurant units as a franchisee of, and pursuant to, license agreements with Arby's, Inc., the franchisor of the Arby's brand.

On April 30, 1997, the Company acquired all of the outstanding capital stock of Sybra Inc. (Sybra), a franchisee of Arby's restaurants. The Company conducts its restaurant operations principally through its wholly owned subsidiary, Sybra. As of December 31, 2000, Sybra operated 214 Arby's restaurants as a franchisee of Arby's, Inc. Of these, 186 restaurants are freestanding units, with the remaining 28 restaurants located in shopping malls or as part of food courts within malls.

Each of Sybra's Arby's restaurants offers a diverse menu of food items including roast beef, chicken, turkey and ham sandwiches. Arby's restaurants are generally known for their roast beef sandwiches, which are made from thinly sliced beef that is freshly roasted at each restaurant. The Arby's menu also typically includes potato products, salads and soft drinks. In addition, the restaurants sell a variety of promotional products, normally on a limited-time basis. Some of Sybra's Arby's restaurants also serve breakfast, including eggs and breakfast meat selections.

Sybra's real estate and development department, subject to acceptance by the franchisor, makes site selection for new restaurants Arby's Inc. A typical market area will have a population base of at least 30,000 people within a three-mile radius. Within the potential market area, Sybra evaluates major retail and office concentrations and major traffic arteries to determine focal points. Site-specific factors that Sybra considers include visibility, convenience of access, proximity to direct competition, access to utilities, local zoning regulations and various other factors.

Sybra's Arby's restaurants, excluding mall and food court locations, typically range from 2,100 to 3,200 square feet, with a seating capacity of between 60 and 90 people and are typically open from 10 a.m. to 11 p.m., with some restaurants open for extended evening hours. Approximately 80% of Sybra's restaurants feature drive-thru windows..

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